The potential increase in firepower for the European Financial Stability Fund "would be a good idea," she told CNBC's Melissa LeeBut some officials, like the German finance minister, have poured cold water on the idea, she said. "The idea will be debated, and that debate typically isn't positive for euro. While the final result could be euro positive, I think it will be a rocky road to get there."

Money in Motion: The Euro Trade

Amelia Bourdeau, Westpac Institutional Bank with an option trade on the EU's plan to lever up the EFSF.

Bourdeau thinks the euro could bounce higher later this week if the Germans ratify the previously agreed to changes to the stabilization fund, so she would short the euro at 1.3750 with a stop at 1.3905 and a target of 1.3400.

You can watch the discussion in the videotape.

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top currency strategies are broken down for you in Currency Class.